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Stock Prices

HTZ

JP Morgan analyst Ryan Brinkman has downgraded Hertz Global Holdings (HTZ) from Overweight to Neutral and reduced the price target from $17 to $11.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:58 am

TSLA

KGI Securities analyst Jennifer Liang has downgraded Tesla (NASDAQ:TSLA) from Outperform to Neutral and reduced the price target from $309 to $213.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:52 am

CCCS

COLB

DWAC

HTZ

HXL

LPL

NNDM

RUM

TSLA

Tesla, Inc. (TSLA) reported Q4 earnings with revenue of $25.17 billion and EPS of 71 cents, missing consensus estimates of $25.62 billion and 74 cents per share, respectively. Pre-market trading saw TSLA shares drop 7.8%. Other stocks also moved lower in pre-market trading, including CCC Intelligent Solutions Holdings Inc. (CCCS), Columbia Banking System, Inc. (COLB), Digital World Acquisition Corp. (DWAC), Hexcel Corporation (HXL), LG Display Co., Ltd. (LPL), Rumble Inc. (RUM), Nano Dimension Ltd. (NNDM), Foot Locker, Inc. (FL), and Hertz Global Holdings, Inc. (HTZ), following various negative triggers such as weak financial results and secondary offering pricing.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 10:52 am

TSLA

Tesla Inc. (NASDAQ:TSLA) holds 9,720 BTC after selling some of its initial 43,200 BTC purchased at $34,722.22 each. To break even on its $1.5 billion investment, Bitcoin would need to reach approximately $154,320.99. Tesla ranks fourth among companies with the largest Bitcoin portfolios. In Q4, Tesla reported $25.17 billion in revenue, a 3% YOY increase but below expectations, and an EPS of 71 cents, missing estimates by 3 cents. Tesla shares are down 3% after-hours to $201.95.

Portfolio Pulse from Mehab Qureshi

January 25, 2024 | 10:50 am

FCCO

Raymond James analyst Steve Moss has upgraded First Community (NASDAQ:FCCO) from Market Perform to Outperform and set a price target of $21.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:42 am

OTLK

Brookline Capital analyst Kemp Dolliver has upgraded Outlook Therapeutics (NASDAQ:OTLK) from Hold to Buy and set a price target of $1.57.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:41 am

FSR

LCID

RIVN

TSLA

Electric vehicle stocks Rivian (RIVN), Lucid (LCID), and Fisker (FSR) are trading lower in the premarket following Tesla's (TSLA) earnings and revenue miss. Tesla's Q4 adjusted EPS was $0.71, below the $0.74 consensus, with revenue at $25.17 billion versus the expected $25.58 billion. Tesla's CFO mentioned a focus on launching a next-generation vehicle, implying lower volume growth in 2024. Rivian faces a Deutsche Bank downgrade due to slow production ramp-up, while Lucid struggles with weak production and delivery figures. Both Rivian and Lucid are set to report quarterly results on Feb. 21.

Portfolio Pulse from Shanthi Rexaline

January 25, 2024 | 10:41 am

NFLX

DZ Bank analyst Markus Leistner has upgraded Netflix (NASDAQ:NFLX) from Hold to Buy and set a price target of $600 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:39 am

TTE

TotalEnergies SE (NYSE:TTE) and Corio Generation won a 20-year contract from New Jersey to supply 1.34 GW of renewable electricity. The Attentive Energy Two project, a joint venture between TotalEnergies (70%) and Corio (30%), will power over 650,000 homes and is expected to be commissioned in 2031. The project guarantees profitability with a set OREC revenue price and a 30% IRA tax credit. TotalEnergies also recently acquired Kyon Energy and partnered with European Energy for Nordic offshore wind projects. TTE shares rose 1.53% to close at $64.24.

Portfolio Pulse from Lekha Gupta

January 25, 2024 | 10:34 am

TSLA

The Norwegian Public Roads Administration (NPRA) has clarified that it is not ordering a recall of Tesla Model X and S cars in Norway, according to a Reuters report. This decision comes after a review of the vehicles, and it means that Tesla's operations in Norway will continue without the need for a recall.

Portfolio Pulse from Charles Gross

January 25, 2024 | 10:32 am